Exhibit 99.1 NEWS RELEASE For Immediate Release Thursday, May 2, 2024 INVESTOR CONTACT: MEDIA CONTACT: Greg Peterson Rachel Potts VP, Investor Relations VP, Chief Communications Officer 404-403-6042 678-654-7719 greg.peterson@agcocorp.com rachel.potts@agcocorp.com AGCO REPORTS FIRST-QUARTER RESULTS • Net sales of $2.9 billion, down 12.1% • Reported earnings per share of $2.25 and adjusted earnings per share(1) of $2.32 • Closed the previously announced joint venture transaction, PTx Trimble, on April 1 • An ...